Description

Agricultural Microbials Market size was valued at US$ 5.8 Billion in 2020 and is projected to reach US$ 14.87 Billion by 2027 at a CAGR of 14.4% during the forecast period 2021 to 2027. Agriculture microbials are the products made from naturally occurring microorganisms such as fungi and bacteria. Most of these agriculture microbials market have the distinctive properties which can work for plant protection and production. These Agriculture Microbials Market also supply nutrients like phosphorous and nitrogen to the plants. These are applied to seeds or sprayed on the plant to prevent the growth of bacteria, fungi, weeds, nematodes, and insects. Agriculture microbials also enhance soil structure, nutrient transportation process, maintain biological equilibrium, and improve the plant growth, product yield. The expanding interest for feasible agricultural practices and worries over environmental safety are a portion of the main drivers for the agricultural microbial market. The overall interests over environmental safety are one of the main drivers for the market. In September 2017, Bayer CropScience AG and Ginkgo Bioworks teamed up to focus on the development of plant microbiome for nitrogen fixation in plants. In May 2017, Inocucor technologies Inc. inked an agreement with Axter Agroscience Inc. to distribute Synergo, an agriculture microbial product in Canada

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